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Re Millario - " Shadow Chancellor Rachel Reeves studied at New College, Oxford ..... I would wager she knows her stuff"
House of C stuffed with Oxbridge graduates as has Cabinets and mediocrity is all that has engaged - there's nothing about Reeves that gives confidence otherwise - she seems doctrinaire and determined to wreck the UK oil industry.
Labour love high spending but wont have the money ( borrowed money) to be able to do it - so I wouldn't be surprised half way thru their term Reeves introduces a Wealth Tax - starting with £2M house, but the figure will quickly come down as they need more.
Re Millario - ( Of the Conservative Party) - " The blind faith in them is really bizarre to me. ".
I agree - and it has made them complacent and indifferent to public opinion, not to mention mediocre over a wide field of governance.
Sorry - below was a response to EinbertAlstein not Millario
Re: Millario : As is said in an article in today's TCW of Lord Frost's speech in a recent House of Lord's debate -
" But his penetrating analysis of the threat to liberty in the Liberal Democrat peer’s Private Member’s Bill exposed the Conservatives’ 14-year failure to tackle the neo-Marxist authoritarianism that has swept through this country’s institutions."
That sums it up - we looked to the Tory Party to protect us from neo-Marxist authoritarianism that is roaring thru UK institutions and they haven't wanted to know, preferring to keep their heads down and in some cases ( like Penny Mordaunt) even join the Woke Army.
For 14 years they haven't wanted to engage and fight the woke onslaught on our behalf - so what use are they at all.
Diane Abbott is irrelevant small fry.
But another 5 years of Conservative government would be just as bad - 1.2 million legal immigrants last year and that would just grow annually while simultaneously lots of Sunak handwringing with even more Tory pledges to cut the numbers -
they think the population are fools.
And its the Conservative Party who have got us to this state that a Labour government is inevitable.
Give the Tories another 5 years and they would think they can say, promise, and do anything they want and always get away with it.
I explained all this by letter to my Tory MP when I resigned from the Party and the reply just contained the usual stuff about how awful the Labour Party is - no admission about the awfulness of the Conservatives.
DO - " as a lifelong Tory voter, I will not be sad for ONE SECOND to see these low-life libtard lefties masquerading as the Conservative party out on their ear, they are a complete disgrace, the lot of them. It's the worst government in my lifetime, and that's saying something since Brown and bLIAR were bad enough, but they look positively Churchillian by comparison with these narcissistic t055er5 "
I couldn't agree more DO - that is the reason I resigned as a member of the Conservative Party 2 months ago - the majority of the Tory Parliamentary Party are Centre- Left - genuine Tory MPs a shrinking band.
Dick had a good name for them - 'Cuckoos '.
We need a new Centre-Right Party in this country and it cant happen while the Tory Party continues to exist as so many habitual Tory voters continue to think the Tory Party is the same right wing party it used to be.
Its annihilation is what is required that something a new genuine Centre-Right Party can grow in its place.
Terrible shame because people like Badenoch, Braverman, and Pritti Patel are excellent, but they are very much a minority.
If only Johnson hadn't been so absolutely self centred, thick, and lacking in political savvy it could all have been so different as there were some decent ministers in the Cabinet and we could have had 10 years of a reasonable centre-right government.
Re alsoppc - " Would be interested to see if the brokers revise their target price when labour get in..."
In view of the near certainty of Labour getting in, would it not be expected that if the brokers are going to revise the price they will do so the very next time they issue a brokers statement ? - may be very soon.
Cornish - " Word on the street is JOG will be sold to a buyer once confirmation of Serica goes through. £25.00 per share being talked abot. "
Which street is this - Carey Street ?
Hello again Dick,
re your - " Alternatively, the sum total, at today's prices, of all the (net) cash which that share delivers to its owner over its lifetime (or period of ownership, if that is different. It is called Net Present Value and is the result of aggregating discounted cash flow projections into the future for as long as the asset (in this case a share - you can extend this to a whole company).
It's best you don't push me on JOG's NPV as you wouldn't like the answer."
All those holders left on this board are people that are hardened to possible downside.
So come on Dick, what do you estimate as JOG's NPV
Hello Dick re 1/2/24 " , I get to a price per share in the range 400-500p "
This seems lower than your earlier detailed estimates and yet there has been significant progress by JOG since then.
What has changed for the worse for you ?
I for one am prepared to grasp desperately at the case you put forward, EA.
@ DU - " Why not stop countries chopping down and burning areas of forests the size of some whole countries every year. Anyone remember photosynthesis from early school days?"
Take this up with any UK or European politician and they will give you the usual claptrap saying they voted for the appropriate UN resolutions etc.
Talking about UN resolutions, be on the alert that there are upcoming sneaky UN attempted global power grabs regarding national policies on future pandemics, gender politics, and the right of religious beliefs and marriage.
Re _ DickUpham
Apologies Dick - I should have read more carefully.
Just realised you do not have Gas Access.
Hi Dick,
I'm 79, 80 in 8 months - - I cannot keep up with all that, neither is it necessary for me . - I'm keeping JOG
My new condensing gas CH boiler was installed in Jan 2017 and will 'terminate' about 2032.
Before then I will buy another one and store in my garage until its required.
Should see me out - whats the problem ?
Thank you RealityQuen.
Shcedule of Activities shows indicative 'First Oil' in Nov 2026 at the " earliest " - no wonder SP dipped.
Well first lets all try to identify why money is not piling into JOG.
Firstly maybe nothing to do with JOG particularly, but there are plenty of other places to invest anyway.
Then there are other companies/investments that feel politically safer simply because they are not 'Carbon Energy'.
Then there are still more 'milestones' along the way such as FDI for JOG to achieve ( even if they seem certain) so from a new investors point of view there is no particular hurry.
At the moment JOG is not standing out from the crowd in terms of a risk/fairly certain reward perspective.
But it would be good for Simon Thompson of Investors Chronicle to grace us with his view as to why JOG shares are not behaving as he predicted.
Morning Einbert - " any buyer of the company has the same risks as current shareholders- when and will FDP and FID be secured."
Are you really saying that there is anything but the very very very remotest chance that FDP and FID will not happen ?
Come on Simon Thompson - we know you read this board - lets hear from you.
PC01 - I'm grateful for your view and dont contest it.
But what I asked for was Simon Thompsons current view of the SP performance following his published views of 30/9/22
" In IC dated 30/9/22 at the time JOG SP is 230P Thompson concludes - " The company's share price is is up 18% since I last visited the investment case but could easily double or treble if Jersey hits the bigtime with its Farm Out Discussions - BUY "
As a professional tipster Thompson undoubtedly reads this board but obviously will not respond on it here.
But if we all keep calling into doubt his reticence to offer any explanation as to why the SP is below that of 22/9/22 when he forecast a possible 2 to 3 time SP increase following a successful Farm-Out he might feel some pressure to mention the subject in Investors Chronicle when he next feels he ought to mention JOG.
Well Simon Thompson surely must have an opinion and it would be educational for us all to hear it.
In IC dated 30/9/22 at the time JOG SP is 230P Thompson concludes - " The company's share price is is up 18% since I last visited the investment case but could easily double or treble if Jersey hits the bigtime with its Farm Out Discussions - BUY "
Farm Out Discussions have recently been hugely successful and the SP is down 13%
Simon Thompson - any view from you at all as to what is happening ??